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After a lot of miles, the interals begin to wear and slowly become less effective than when new. As they effectivness goes down, so does their ability to maintain performance like a newer tranny. Hence, after driving it for a long time as it wore out, you got used to less and less performance from it without even knowing it.
As for power braking it, well, I had a 92 Explorer that I had the tranny rebuilt in and after about 20000 miles it started acting up again. There are two types of rebuilds. One where just the "softcore" parts are replaced, and one where they truely go through and replace everything that needs replacement. I wouldn't hammer on it to hard, as it probably came with a 12000 mile one year warranty and if it was a softcore rebuild and had some other worn but not bad parts, you'll be back again with more issues
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